Business, 04.04.2020 11:35 Shadowhawk681

Branch Company, a building materials supplier, has $17,800,000 of notes payable due April 12, 2014. At December 31, 2013, Branch signed an agreement with First Bank to borrow up to $17,800,000 to refinance the notes on a long-term basis. The agreement specified that borrowings would not exceed 85% of the value of the collateral that Branch provided.

At the date of issue of the December 31, 2013, financial statements, the value of Branch's collateral was $19,400,000. On its December 31, 2013, balance sheet, Branch should classify the notes as follows:

a.$2,670,000 short-term and $15,130,000 current liabilities.

b. $17,800,000 of long-term liabilities.

c. $16,490,000 long-term and $1,310,000 current liabilities.

d. $17,800,000 of current liabilities.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 17:30, chilanka

Dr. sperry, a biologist, is using excel to track growth rates of different populations of bacteria. she has a very complex formula in one cell. it begins with “round”. dr. sperry would like to see exactly how excel’s calculation reached the final rounded value that she sees in the cell. what could dr. sperry do to best understand how the calculation was made? try different formulas on her own until she reaches the value shown in excel click on the evaluate formula button in the formulas tab and then click “step in” select the cell and then look at the formula in the formula field of the ribbon remove “round” from the formula in order to see the actual value before rounding

Answers: 2

continue

Business, 22.06.2019 19:00, EllaSue

Lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal.

Answers: 3

continue

Business, 22.06.2019 21:20, marvinsductant6710

White truffles are a very prized and rare edible fungus that grow naturally in the countryside near alba, italy. suppose that it costs $200 per day to search for white truffles. on an average day, the total number of white truffles (t) found in alba is t = 20x − x 2 , where x is the number of people searching for white truffles on that day. white truffles can be sold for $100 each. if there is no regulation, how many more people will be searching for white truffles than the socially optimal number?

Answers: 1

continue

Business, 23.06.2019 00:30, kia9174

Anational survey asked people, "how often do you eat out for dinner, instead of at home? " the frequencies were as follows.

Answers: 2

continue

You know the right answer?

Branch Company, a building materials supplier, has $17,800,000 of notes payable due April 12, 2014....